Vivint Smart Home intends to use the net proceeds from the offering to redeem $225 million aggregate principal amount of its 8.75% Senior Notes due 2020 and to pay the related accrued interest, and to pay all fees and expenses related thereto and to use any remaining proceeds for general corporate purposes.

Vivint Smart Home, a Blackstone portfolio company, is a leading provider of smart home technology. Using Vivint’s solution, subscribers are able to interact with, monitor and manage their homes using any smart device.